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Introduction

Vivendi has reported a 15.4% year-on-year increase in revenue for UMG for the first six months of 2015. At constant exchange rates and perimeter, the revenue growth rate was much lower, at 3.4%.

Highlights

  • Vivendi said the rise in 1H15 was driven by growth in driven by growth in all its divisions. Recorded music income was boosted by a number of factors, most notably a sharp rise in earnings from streaming. Publishing revenue also benefitted from higher streaming sales and merchandising income was boosted by greater touring activity.

Features and Benefits

  • The research note details the financial results for the world's biggest record company for the first six months of this year.
  • The research note evaluates the part played by streaming in the rise of both recorded music and music publishing earnings for UMG.

Key questions answered

  • What were the growth areas for UMG in the first six months of 2015?
  • How did UMG perform in relation to the wider recorded music industry?

Table of contents

Ovum view

  • Summary
  • Positive first-half sales figures for UMG
  • Streaming gains boost earnings from recorded music and music publishing
  • Streaming boosts publishing income

Appendix

  • Author

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